Eurex Clearing regularly introduces optional and/or mandatory initiatives aimed at enhancing our C7 clearing architecture. It’s critical that our Members are aware of these changes and understand what they need to do to continue to trade and clear at Eurex without issue. To assist our Members, we created the below summary of important items associated with Eurex Clearing initiatives.
If you have any questions regarding the items below, please reach out to your Account Manager or Client Services at firstname.lastname@example.org.
Eurex Clearing regularly introduces a broad range of new initiatives such as:
C7 releases are typically introduced twice a year in Q2 and Q4.
OTC, SCS and Prisma releases are typically introduced several times a year.
Additionally, there are periodically ad-hoc regulatory changes or pressing system enhancements introduced outside of this biannual cycle.
Find here a general overview of reoccurring Eurex Clearing initiatives.
The announcement of new initiatives is communicated via Circular. We recommend subscribing to our Circulars and Newsflashes for categories relevant to you and your team, to be informed automatically.
Following the announcement Circular additional information/ updates are provided via:
Learn more about information channels which will help you with your readiness.
Details and documentation
The Initiatives & Releases webpages provide all relevant details of new initiatives including:
To ensure a smooth transition, a simulation environment is provided for clients to ensure that the upcoming changes and internal systems are sufficiently tested prior to go-live.
Typically, changes are provided in the simulation environment 6 to 8 weeks prior to go-live.
Here you can find an overview of our Eurex and Eurex Clearing simulation calendar.
Readiness Statement & Go-Live
For all major initiatives we request our members to submit a Readiness statement 10 days prior to go-live using the 5-digit Member ID and PIN*. The PIN is provided to the assigned Central Coordinator via E-mail. The Readiness Statement can be found on the respective Initiatives Page or in the Readiness Statement announcement Newsflash.
Please note that according to the Connection Agreement § 10 (3) the Contractual Party shall provide Eurex Clearing, prior to the first use of the Clearing EDP after a Release had been implemented, with a written statement confirming to Eurex Clearing that
*For clients that are both Trading & Clearing Members, it’s important to note that PINs are provided per markets (i.e. Eurex PIN vs. Eurex Clearing PIN).